Tag ArchivesGDP

Prof Raymond Parsons

GDP figures ‘send a strong warning’

The latest weak growth figures send a strong warning about the economy, says North West University School of Business and Governance Economist, Professor Raymond Parsons. (more…)

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gdp

GDP: Worst of the growth cycle is now behind us

By Jason Muscat, FNB Senior Economic Analyst. 2016 GDP printed slightly below our 0.4% expectation, registering 0.3%. Growth in 4Q16 contracted –0.3% q/q saa, slightly less than we had anticipated. It was again the primary sector (agriculture and mining) that held the economy back. Agriculture shrank –7.8% for the year, while mining contracted –4.7%, shaving […]

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gdp

GDP growth slowed more than market expectations

South Africa’s third quarter GDP slowed more than the market expected.  This is according to the Nedbank Group Economic Unit. (more…)

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money

Budget deficit for 2016/17 seen at 3.4 percent of GDP

The consolidated budget deficit for 2016/17 is projected at 3.4 percent of GDP, marginally higher than the 2016 Budget estimate of 3.2 percent.  This is according to the Medium Term Budget Policy Statement (MTBPS), released by National Treasury today. (more…)

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resilientincomegrowth

SA GDP accelerates to 3.3% following a -1.2% contraction during first quarter of 2016

SA GDP rebounded strongly in the second quarter of 2016, accelerating by 3.3% q/q saar from a –1.2% contraction in the first quarter. (more…)

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Pravin Gordhan

Treasury likely to revise growth forecast lower: Gordhan

South Africa’s National Treasury is likely to forecast lower growth in its October Medium Term Budget Policy Statement, the Minister of Finance, Pravin Gordhan said today.  He was speaking on the sidelines of the Nedgroup Investment Summit in Sandton. (more…)

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Mostly gloomy news for SA from the IMF

South Africa has made impressive economic and social progress in the past two decades, the International Monetary Fund (IMF) reckons.  But, the bad news is that “structural problems – infrastructure bottlenecks, skill mismatches, and harmful insider-outsider dynamics – are holding back growth and exacerbating unemployment and inequality.” (more…)

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SA still an attractive investment destination

“Zuma, free the economy so that it can prosper” – Solidarity

Trade union Solidarity said today that poor policy working against economic freedom is a major reason for the poor state of the South African economy. This followed after President Jacob Zuma pleaded with trade union federations during a meeting this week to cooperate in an effort to resolve South Africa’s economic problems. (more…)

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